BNB ! Not much move to the upside left in this market cycle.

23 ส.ค. 2021

BNB current ATH lies beyond all fib extensions.

Using the Rally prior to BTC's capitulation in 2018 .BNB reaches around 145 usd i.e the 4.236 extension from where it had a pullback.


Using the Using the peak of 2019 and placing the 0.236 on it .
4.236 reaches to 640usd ,which is near to current ATH which lies at 689usd.


Usually most coin get a rejection at 1.618 after the ATH get cleared but in this case BNB is a lot more stretched out to the upside unlike most coins so the region between 1 and 1.618 on the fib may be the possible ATH for BNB in this market cycle.
The region lies in between 700usd and 900usd.

It could still pump more to the upside but the chances of it at least on charts are slim.

Also BNB crashed by about 85% in 2018 and 2019 after setting up its new ATH.
If the ATH lies around 900-1100usd price bracket,
it could possibly come back to 140-150usd region in the next bear market.


#NFA